What best descibes Adam smiths ideas about the role of merchants?

Answer 1

Adam Smith viewed merchants as essential players in the economy, facilitating trade and the distribution of resources. He believed that their pursuit of profit ultimately benefits society by promoting competition, innovation, and efficiency. Smith argued that merchants contribute to the "invisible hand" of the market, guiding resources to where they are most needed. Thus, while motivated by self-interest, their actions collectively enhance overall economic welfare.